Indianapolis Homes for Sale - Market Report February 2012
Posted by Mike Taylor on Monday, March 12th, 2012 at 8:31am.Let’s take a look at the Indianapolis homes for sale market and see how it is starting out the 2012 year. Here are some detailed numbers for the month of February 2012:
2010 |
2011 |
% Change |
|
| Active | N/A |
5667 |
|
| Homes Sold | 567 |
617 |
9% |
| Average Selling Price | $103,771 |
$104,806 |
1% |
| Days on Market | 95 |
101 |
6% |
| Price Per Square Foot | $57 |
$57 |
0% |
| Sales Price / List Price | 95% |
94% |
-1% |
And here is a YTD chart showing the past 3 years of data:
Number of Homes Sold |
|
Average Sales Price |
||||||
2010 |
2011 |
2012 | % Change |
2010 |
2011 |
2012 |
% Change |
|
|
|
|
|
|
|
|
|||
| Jan. | 563 |
459 |
621 |
35% |
$91,072 | $106,543 | $103,605 | -3% |
| Feb. | 669 |
549 |
617 |
12% |
$113,889 | $103,395 | $104,806 | 1% |
| March | 995 |
697 |
-100% |
$111,683 | $98,987 | -100% | ||
| April | 1,103 |
765 |
-100% |
$114,745 | $117,950 | -100% | ||
| May | 1,163 |
928 |
-100% |
$125,374 | $124,303 | -100% | ||
| June | 1,119 |
1,013 |
-100% |
$126,220 | $123,904 | -100% | ||
| July | 744 |
897 |
-100% |
$121,356 | $127,258 | -100% | ||
| Aug. | 676 |
941 |
-100% |
$114,445 | $117,898 | -100% | ||
| Sept. | 781 |
804 |
-100% |
$111,028 | $126,416 | -100% | ||
| Oct. | 659 |
743 |
-100% |
$123,017 | $111,193 | -100% | ||
| Nov. | 610 |
667 |
-100% |
$115,321 | $120,068 | -100% | ||
| Dec. | 710 |
719 |
-100% |
$116,975 | $107,563 | -100% | ||
| Totals | 9,792 |
9,182 |
1,238 |
$116,527 | $116,808 | $104,206 | -10.79% | |
And our 4 year price history chart:
For the first time in 3 years, we are seeing an increase in the number of homes sold in Indianapolis! This is very very very exciting. The average sales price is up a little bit with a 1% increase in February, but the really exciting news the 35% and 12% increase in number of homes sold in the first two months of this year for Indianapolis Indiana homes for sale.
The foreclosure market will continue to plague the market especially in Indianapolis versus the outlying suburbs. We are still seeing almost ½ of all home sales as a result of foreclosures with 43% of all sales in both January and February from some sort of distressed homes.
There is a sense of optimism in the real estate community and the feeling on the ground is that we have turned the corner. Everyone seems to be busier than in recent memory and there is reason to believe 2012 will be a great year for real estate in Indianapolis.
Related Links
Print
ShareBe the first to comment on this blog entry!
